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Legal Battles Over Voting May Be Critical in Election
The November presidential election, widely expected to rest on a final blitz of advertising and furious campaigning, may also hinge nearly as much on last-minute legal battles over when and how ballots should be cast and counted, particularly if the race remains tight in battleground states. New York Times
Submitted 2 years 137 days ago

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New center aims to fill manufacturing skills gap
At Universal Woods, a factory in Jeffersontown’s Bluegrass Commerce Park, jobs start at $12.50 an hour and average more than $15 an hour — with benefits including health insurance, a 401(k) retirement plan and paid vacation. Lexington Courier Journal
Submitted 2 years 137 days ago

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What Rand Paul Learned on Live TV
One of the least appreciated but easily-confirmed facts about the current state of the American economy is that the number of Americans employed by the government has gone down under President Obama. But apparently this is news to one the Republican Party’s most prominent tea party conservatives. During a roundtable discussion on ABC this morning over the size and adequacy of the 2009 stimulus, a flabbergasted Sen. Rand Paul (R-KY) asked economist Paul Krugman if he was actually arguing that government employment had gone down under Obama: Think Progress
Submitted 2 years 137 days ago

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Finders Weepers: Early Bain Disputes Cast New Light on Its Business
It was one of the "quickest big hits in Wall Street history," as the Wall Street Journal put it at the time. In 1996, an investment group including Bain Capital, the firm then run by Republican presidential candidate Mitt Romney, sold the consumer credit information business Experian to a British retailer, making a $500 million profit. Bain and the other investors who reaped that windfall had closed the acquisition a mere seven weeks earlier, stunning the investing world. ProPublica
Submitted 2 years 137 days ago

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Manufacturing workers should get more federal aid, U.S. labor secretary says
A top Obama administration official said this morning in Detroit that federal aid should be increased for manufacturing workers who lose their jobs because of foreign competition. Freep.com
Submitted 2 years 137 days ago

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After Manufacturing Gaffes, Worried Novartis CEO Insists 'Quality Matters'
For Novartis execs, the old cliche that ‘if it’s not one thing, it’s another,’ is becoming quite true. For the past year, the drugmaker has struggled to get a handle on manufacturing problems at several plants around the world, which have attracted scrutiny from regulators. The latest mishap occurred in Rosia, Italy, where a data-handling discrepancy caused some vaccines to be temporarily and voluntarily held for several months. The drugmaker undertook a so-called good manufacturing practice, or GMP, investigation and reported the findings to the European Medicines Agency and the Agenxia Italiana del Farmaco before shipments resumed two months ago, a Novartis spokesman confirms. Forbes
Submitted 2 years 137 days ago

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Manufacturing jobs boom is for real
President Obama last week promised a boom in manufacturing and 1 million new jobs if he is reelected. But is the boom for real? For high-paying, skilled manufacturing jobs, it just might be. CNN
Submitted 2 years 137 days ago

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Sysco to eliminate as many as 170 Houston-area jobs.
Sysco Corp. informed employees Friday that it will eliminate up to 170 Houston-area positions over the next few months. The company employees 2,700 people in the Houston area and 409 of those positions are in information-technology support, Sysco spokesman Charley Wilson said. Around 150 of those employees will remain with Sysco and 90 will be offered employment by a firm that provides IT services for Sysco, he said. Houston Chronicle
Submitted 2 years 137 days ago

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Sprint plans 100 more cities for 4G LTE, over half are in the South
Sprint will launch 4G LTE high-speed data in another 100 cities, including New York, Chicago, Los Angeles, and Boston, in the “coming months,” the company announced today. Sprint offers LTE in just 19 metropolitan areas in the U.S., including Atlanta, Dallas, Houston, and San Antonio. (Check out Sprint’s coverage map here.) Verizon, on the other hand, now claims to cover 235 million Americans in 371 cities with its 4G LTE. AT&T has 60 active markets with 4G LTE, but plans to have more than 100 total markets by the end of the year. Venture Beat
Submitted 2 years 137 days ago

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Putnam plants find job skills lacking in the area
CHARLESTON, W.Va. -- Some Putnam County employers say they're having a hard time finding suitable employees. Charleston Gazette
Submitted 2 years 137 days ago

 

 

 

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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